Supreme Court Judgement on Unilateral Arbitrator Appointments: Implications for Financial Institutions and the way forward
The Supreme Court of India, in its recent judgment on Central Organisation for Railway Electrification v. M/s ECI SPIC SMO MCML (JV) (November 8, 2024), addressed the legality of arbitration clauses allowing unilateral appointments of
IBBI’s discussion paper on Mediation for Operational Creditors: A New Approach Under the Insolvency and Bankruptcy Code
In a significant move to streamline the insolvency process in India, the Insolvency and Bankruptcy Board of India (IBBI) has proposed a framework for voluntary mediation for operational creditors (OCs) before they file applications under
Case Analysis: Vidyasagar Prasad vs UCO Bank (2024 INSC 810 ) Interpreting Acknowledgment of Debt and Limitation in IBC Proceedings
Introduction In Vidyasagar Prasad v. UCO Bank, the Supreme Court dismissed an appeal against the initiation of a Corporate Insolvency Resolution Process (CIRP) under Section 7 of the IBC. This appeal was filed by Vidyasagar
SC Dismisses Appeals by Noida Special Economic Zone Authority: Upholds Insolvency and Bankruptcy Code, 2016 Primacy Over the Special Economic Zone Act, 2005
In a landmark decision, the Supreme Court of India in Noida Special Economic Zone Authority (NSEZA) v. Manish Agarwal & Ors. upheld the approval of a resolution plan under the Insolvency and Bankruptcy Code (IBC),
BYJU’S: SC Rules on Process of Settlement in Insolvency; Upholds Collective Interests of creditors
In a significant judgment, the Supreme Court of India recently adjudicated on critical aspects of the Insolvency and Bankruptcy Code (IBC) in the case of GLAS Trust Company LLC vs. BYJU Raveendran & Ors. The
Existence Of Employer-Employee Relationship Must Be Indisputable In Proceedings Under The MRTU & PULP Act: Bombay HC
The Hon’ble Bombay High Court (“HC”) was recently seized with a writ petition[1] under Article 227 of the Constitution of India, challenging an order of an Industrial Court holding its own jurisdiction as maintainable in
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